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PART ONE CHAPTER 1
CHAPTER 2
Contents
Preface xi Acknowledgments xix
Forex Is a Game 1
How to Play the Game 3
The Forex Game 3 Forex and the Seven Majors 5 Leverage 11 Summary 14
How Money Is Made in the Game 15
Buy Low, Sell High 15 Three Points in Every Trade 17 Bid/Ask Spread 23 What Causes the Price of Currencies
to Fluctuate? 25 Fraction Theory 30 Reading the Charts 31 Market Structure 37 Summary 48
The Six Major Players 51
Central Banks 51 Commercial and Investment Banks 58
CHAPTER 3
vii
viii
CONTENTS
CHAPTER 4
CHAPTER 5
Multinational Corporations 62 Institutional Traders 68 Retail Forex Brokers 69 Retail Traders 70 Summary 70
Why You Must Play the Game 73
Top 17 Reasons to Trade Forex 73 Summary 84
Play It Your Way: Understanding
Your Profile 87
The Experiment 88 Five Categories of Forex Traders 92 Your Perfect Strategy 98 Summary 107
Strategies to Win the Game 109
Includes details on the FXPRIMUS 100% bonus trading credit
Strategies for Scalpers 111
Strategy 1: Rapid-Fire Strategy 111 Strategy 2: Piranha Strategy 118
Strategies for Day Traders 125
Strategy 3: Fade the Break 126 Strategy 4: Trade the Break 131 Trading the News 138 Strategy 5: Gawk the Talk 143 Strategy 6: Balk the Talk 148
PART TWO
CHAPTER 6
CHAPTER 7
Contents
CHAPTER 8
CHAPTER 9
ix Strategies for Swing Traders 155
Strategy 7: Trend Rider 155 Strategy 8: Trend Bouncer 163 Strategy 9: Fifth Element 169 Strategy 10: Power Ranger 177 Strategy 11: The Pendulum 185
Strategies for Position Traders 191
Strategy 12: Swap and Fly 192 Strategy 13: Commodity Correlation (Part 1) 199 Strategy 13: Commodity Correlation (Part 2) 204 Strategy 14: Siamese Twins 210
CHAPTER 10 Strategies for Mechanical Traders 217
CHAPTER 11
Strategy 15: Guppy Burst 217 Strategy 16: English Breakfast Tea 223 Strategy 17: Good Morning Asia 228
Conclusion 235
Bibliography 239
About the Author 241
About the Website 243
Plus FXPRIMUS 100% bonus trading credit
Index 245
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